U.S. crude rose above $70 a barrel on Monday, recouping some of last week’s losses, but analysts said sentiment remained fragile and prices could again be hit by macroeconomic pessimism.
The euro fell broadly on Monday, pulling back from gains last week, after the Spanish central bank’s takeover of a savings bank added to jitters about [...]
Archive for the ‘Debt’ Category
Oil rises above $70, pessimism lingers
May 24th, 2010 by Financial Writer
Tags: consumers, debt crisis, economy, euro zone, financial, global market, stock market, us economy, wall street
more...Eurozone woes to make for erratic market
May 23rd, 2010 by Financial Writer
Volatility will be the name of the game on Wall Street next week as uncertainty over the euro-zone debt crisis remains and investors will need nerves of steel to make bets on risky assets like stocks.
The Standard & Poor’s 500 index’s drop this week of 10 percent from recent highs meant the benchmark index is [...]
Tags: debt crisis, Dow Jones Industrial, economy, financial, financial system, Global Economy, investors, stock market, us economy, wall street
Global stocks tumble and bunds firm on euro zone fears
May 21st, 2010 by Financial Writer
European stocks fell again on Friday despite German approval of a euro zone rescue package, as markets remained unconvinced the aid would resolve the debt crisis.
The euro, however, found support from short covering.
Wall Street was also set to open lower, after plunging nearly 4 percent in the previous session.
In the general flight to safety bund [...]
Tags: debt crisis, economy, economy recovery, euro zone, financial crisis, financial stocks, financial system, Global Economy, Global Financial, us economy, US Treasuries
PRECIOUS METALS: Platinum, Palladium Plummet On Risk Aversion
May 20th, 2010 by Financial Writer
Platinum and palladium Thursday hit their lowest levels since February as investors continued exiting positions in all precious metals to avoid risk on concerns European debt issues will hurt economic growth.
One analyst said platinum and palladium fell hardest since the share of investment demand in them became greater than other commodities, making them more vulnerable [...]
Tags: economic recovery, economy, european economy, european union, financial, financial markets, Global Economy, investors, recession, us economy, us stocks
Producer Costs in U.S. Unexpectedly Dropped in April
May 18th, 2010 by Financial Writer
Wholesale prices in the U.S. unexpectedly dropped in April, the second decrease in three months, signaling the global recovery from the worst recession in the post-World War II era has yet to stoke inflation.
The 0.1 percent decline in prices paid to factories, farmers and other producers followed a 0.7 percent increase in March, the Labor [...]
Tags: Debt, Dow Jones Industrial, economy, Federal Reserve, financial, financial crisis, financial markets, Global Economy, global recovery, interest rates
Euro Slumps as Jitters Over Greece Return
May 14th, 2010 by Financial Writer
The beleaguered euro fell to an 18-month low on Friday amid lingering nervousness about the state of European nations’ finances and the pace of the global recovery. Global stocks also sagged after Sony warned that the fallout from the Greek debt crisis could undermine its business.
The euro fell to $1.245, its weakest level against the [...]
Tags: business, debt crisis, Dow Jones Industrial, economy recovery, financial, global financial markets, investors, stock market, United States economy, us economy, world stocks
Bank Stocks Show Little Reaction To Added Probes
May 13th, 2010 by Financial Writer
The financial sector largely shrugged off reports of new federal investigations into banks’ roles in mortgage-bond deals, with shares slightly lower as additional investigations largely were expected.
Federal prosecutors, working with securities regulators, are conducting a preliminary criminal probe into whether several major Wall Street banks misled investors about their roles in mortgage-bond deals, a person [...]
Tags: banks, business, financial, financial markets, investors, mortgage, mortgage market, stock market, us economy, us stocks, wall street
EU Finance Ministers Race to Ready Euro Fund Before Asia Opens
May 8th, 2010 by Financial Writer
EU Finance Ministers Race to Ready Euro Fund Before Asia Opens.
European Union finance ministers meet today to hammer out the details of an emergency fund to prevent a sovereign debt crisis from shattering confidence in the 11- year-old euro.
Jolted into action by last week’s slide in the currency to the lowest in 14 months and [...]
Tags: borrowers, economic recovery, economy, economy recovery, Europe, financial, financial crisis, Global Economy, recession, USA
Gold May Decline in New York as Greek Aid Might Erode Demand
April 23rd, 2010 by Financial Writer
April 23 (Bloomberg) — Gold futures may fall in New York on speculation that Greece’s request for funding aid will curb demand from investors seeking an alternative to debt.
Greece asked for as much as 45 billion euros ($60 billion) in loans from the European Union and International Monetary Fund to help the government stave off [...]
Tags: Debt, economic recovery, economy, european union, Global Economy, investors, new york, us economy, USA
German investor confidence rises strongly
April 20th, 2010 by Financial Writer
BERLIN — German investor confidence rose strongly this month as healthy industrial orders and exports buoyed sentiment, a closely watched survey showed Tuesday.
The ZEW institute’s index, which measures investors’ outlook for the next six months, rose to 53 points in April from 44.5 in March. That was well above economists’ forecasts of a slight increase [...]
Tags: Debt, economic recovery, financial crisis, financial markets, germany, Global Economy, investors, money
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